Today’s Snapshot — 2026-07-13
Top mover: Steel scrap HMS 75:25 cfr Turkey (FM MB-STE-0096) −$15 (−4.13%) to $347–349/t — the lower-grade Turkish import index refreshed off a stale 03 Jul print, catching down to the week’s broader scrap fall.
Notable prices:
- HMS 1&2 80:20, cfr Turkey (K general) = $369.0/t (flat, 0%) — held a third session
- HMS 1&2 80:20 US-origin, cfr Turkey (FM MB-STE-0417) = $364.76/t (flat, 0%)
- Shredded scrap, cfr Turkey (K) = $389.0/t (flat, 0%)
- Iron ore KORE 61% Fe, cfr Qingdao = $98.93/t (−0.03, −0.03%)
Headline driver: Turkish scrap faces continued pressure after its correction (per BIR), with Turkish merchant bar sliding below the $600/t threshold and Indian import-scrap trade “sluggish” — no fresh demand to build a floor.
Action signal: Wait — Turkey benchmarks flat a third session at $369, but finished steel keeps sliding and no floor catalyst has landed; hold offers (house forecast central $366 for Friday).